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National bank with 69M customers says it can close your account as part of obscure law
Escheatment is the process by which a financial institution must report and remit any abandoned or unclaimed property for ...
Bank of America warns it may cancel accounts that aren’t active
Bank of America is warning customers that their accounts may be canceled if they haven’t been in used in several years.The ...
Major bank warns it’ll close these accounts: Here’s why
The financial institution has announced that it will close some accounts if account holders don’t take certain proactive ...
Yes, Bank of America Can Close Accounts: Is Yours Affected?
Bank of America has previously confirmed that it can and will close accounts if they are deemed inactive due to state ...
Why Bank Of America Is Canceling Accounts - And How You Can Avoid It
Bank of America is not only shutting down branches but also canceling inactive accounts. In this evolving banking landscape, ...
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Escheatment: What it is and how it affects inactive bank accounts at Bank of America
Bank of America, the second-largest bank in the United States, has been closing accounts deemed 'abandoned' due to a legal process known as escheatment. This process involves transferring unclaimed ...
Bank of America cancelling accounts: How to prevent your account from being classified as 'abandoned'? Details inside
Bank of America clarifies reasons for labeling accounts as abandoned and offers guidance to customers on maintaining active ...